News

Edinburgh-based challenger bank Virgin Money has today reported a 53 per cent rise in underlying profits for 2015 to £160.3m. The result marks a strong performance for the lender, which employs 200 at its headquarters in the Scottish capital, in its first full financial year since listing on the st

John Swinney The Scottish Government has recommended that the Scottish Parliament consents to the Scotland Bill.

Growth in Scotland is set to slow further with falling oil prices having a net negative impact on Scotland compared to the rest of the UK, according to the latest Economic Commentary from the University of Strathclyde’s Fraser of Allander Institute, sponsored by PwC. The Institute argues that the

1 West Regent Street Clearbell, the private real estate fund manager, has today announced the sale of its 50 per cent interest in 1 West Regent Street, a Grade A building located in Glasgow city centre, to M&G Real Estate.

Registers of Scotland (RoS) will start to move land and property titles from the deeds-based General Register of Sasines onto the map-based land register from later this year. This will be done through a new power, Keeper-induced Registration (KIR) which allows the keeper of the Registers of Scotlan

Fergus Ewing The UK’s devolved governments have repeated pleas for the Treasury to cut VAT to boost the tourism industry.

Nicola Sturgeon People living in Scotland's four highest council tax bands are to pay more under new proposals put forward this morning by the Scottish government.

Atria One from Morrison Street Analysis by the Scottish Property Federation indicates that the value of Scotland’s commercial property transactions in 2015 rose to £3.5bn, up from £3.37bn in 2014.

Shares in Barclays have fallen 11 per cent on the back of a drop in full-year profits of 2 per cent. The bank announced a dividend cut and a restructuring that included its rolling back of its exposure in Africa as it revealed that underlying annual profits for 2015 fell to £5.4bn on income of £24

John Swinney Local authorities in Scotland are currently under a collective debt of almost £16 billion.

Ross McEwan Three of the top bosses at 73 per cent taxpayer-owned Royal Bank of Scotland, including chief executive Ross McEwan, have ploughed almost £1million into buying the bank’s bombed-out shares in the wake of last week’s eighth successive pre-tax loss.

Widespread misconceptions about apprentice pay, qualifications and other important benefits are putting many school leavers off pursuing this route to the workplace, according to new research from insurance firm, Prudential. Launched to coincide with the start of Scottish Apprenticeship Week 2016, t

The latest quarterly barometer that measures the outlook for growth and nationwide levels of business confidence has rallied after a 7.1 percent drop in Q3 2015. Q4 2015 of the Chartered Institute of Credit Management’s (CICM) UK Credit Managers Index (CMI) reported growth in both the Manufacturin

The Greater Manchester Loan Fund (GMLF), which is managed by Glasgow-based Maven Capital Partners, has invested £320,000 in Emeg Electrical Limited (Emeg), a specialist mechanical and electrical contractor providing services to the owners and operators of rail facilities. The GMLF was set up by the

Jeremy Peat A new report has called for a "step-change" in Scotland's credit industry if financial exclusion is to be tackled.